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cisco on big economy is not of major concern. the concern is to redeploy the talent as quickly as possible. >> market research firm glacier and company made headlines today with with this report. it predicts cisco global work force of more than 73,000 will be cut by 5000. 1,000 positions early retirement packages and another 4000 through layoffs. saving the company a total of 1 billion dollars a year. glacier analyst brian marshall says while it's a difficult decision to make in our view it is required in order to maintain the competitiveness of cisco going forward. company ceo john chambers already taking notable steps this year to restructure the networking giant. video cam operation are gone. consumer business realign and management forces are being reorganized. if the latest round of local layoffs goes above 1,000, it could have an impact on county wide unemployment numbers. >> combine this lay off with the the city and county lay off that have happened recently. i mean, tl those were good solid jobs and if they go away, officials cisco dominant player in network sw
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